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What is the payback period of the dishwasher

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Reference no: EM132533895

Question - The Lurking Turtle Restaurant is considering whether to purchase a new commercial dishwasher. The machine costs $21,000 and is expected to produce the following incremental operating cash flows over the next 10 years:

Years 1-3 $4,000

Years 4-10$2,000

Required - What is the payback period of the dishwasher?

a. 8 years

b. 7 years

c. 7.5 years

d. 8.5 years

e. None of the other answers is correct

Reference no: EM132533895

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